Video 1:30
ABC Business News and Market Analysis

ABC News
Thu Jun 06 08:45:32 EST 2013

ABC Business News and Market Analysis

Transcript

THE AUSTRALIAN DOLLAR HAS PLUNGED BY A CENT OVERNIGHT AFTER YESTERDAY'S SOFTER THAN EXPECTED ECONOMIC GROWTH FIGURES.DESPITE THE FALL ECONOMIST SAUL ESLAKE SAYS IT WILL DO LITTLE TO EASE PRESSURE ON EXPORT INDUSTRIES.TO THE MARKETS...

WALL STREET WAS LOWER WITH INVESTORS WORRIED THE US FEDERAL RESERVE IS ABOUT TO SCALE BACK ITS MONEY PRINTING PROGRAM.

AND IN LONDON OVERNIGHT, THE FOOTSIE CLOSED LOWER.

TO COMMODITY PRICES -

WEST TEXAS CRUDE IS TRADING AT 94 U-S DOLLARS A BARREL.

TAPIS CRUDE IS TRADING AT 108 U-S DOLLARS A BARREL.

AND GOLD IS WORTH 1402 U-S DOLLARS AN OUNCE.

THE AUSTRALIAN DOLLAR HAS PLUNGED BY A CENT OVERNIGHT AFTER YESTERDAYS SOFTER THAN EXPECTED GROWTH FIGURES.